SEOUL, June 29 -- BTS rapper Suga may have quietly pulled off one of K-pop's biggest investment wins after reportedly backing Elon Musk's SpaceX years before the aerospace company's blockbuster stock market debut, according to South Korean outlet Edaily.

Citing unnamed investment banking sources, Edaily reported today that Suga invested in SpaceX through South Korean venture capital firm Link Asset Partners sometime before 2022. The report did not disclose how much the K-pop star invested or exactly when the investment was made.

If the report is accurate, the timing could prove remarkably lucrative.

SpaceX was valued at around US$46 billion in 2020 before rising to roughly US$100 billion the following year. After its June 12 Nasdaq deb...